First Solar, Inc. (FSLR)
NASDAQ: FSLR · Real-Time Price · USD
211.03
+5.02 (2.44%)
At close: Jul 31, 2026, 4:00 PM EDT
209.28
-1.75 (-0.83%)
After-hours: Jul 31, 2026, 7:58 PM EDT
First Solar Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 1,746 | 1,528 | 1,292 | 830.78 | -44.17 | 468.69 |
Depreciation & Amortization | 576.2 | 529.22 | 423.5 | 307.99 | 269.72 | 259.9 |
Stock-Based Compensation | 23.66 | 19.22 | 28.1 | 34.22 | 28.66 | 20.9 |
Other Adjustments | 84.87 | 69.84 | -42.53 | -44.07 | -379.48 | -175.23 |
Change in Receivables | 306.8 | 30.62 | -505.34 | -304.18 | 118.72 | -96.95 |
Changes in Inventories | 395.54 | 377.72 | -276.81 | -205.11 | 16.69 | -136.37 |
Changes in Accounts Payable | -76.27 | 4.68 | 268.73 | 79.33 | 5.57 | 48.97 |
Changes in Income Taxes Payable | 50.35 | -31.81 | 47.42 | 8.66 | 43.59 | -13.06 |
Changes in Unearned Revenue | -159.1 | -189.92 | 0.7 | 783.21 | 912.95 | 47.06 |
Changes in Other Operating Activities | -790.05 | -280.69 | -17.83 | -888.57 | -98.89 | -186.36 |
Operating Cash Flow | 2,156 | 2,057 | 1,218 | 602.26 | 873.37 | 237.56 |
Operating Cash Flow Growth | 621.33% | 68.89% | 102.24% | -31.04% | 267.64% | 539.98% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -655.62 | -869.88 | -1,526 | -1,387 | -903.61 | -540.29 |
Purchases of Investments | -2,038 | -1,540 | -2,516 | -3,613 | -3,375 | -2,147 |
Proceeds from Sale of Investments | 2,025 | 1,654 | 2,492 | 4,564 | 2,647 | 2,295 |
Cash Acquisitions | - | - | - | -35.74 | - | - |
Proceeds from Business Divestments | - | - | - | 7.68 | 442.3 | 300.5 |
Other Investing Activities | -38.03 | -8.39 | -12.99 | -9.05 | -3.05 | -6.71 |
Investing Cash Flow | -706.56 | -765.17 | -1,563 | -472.79 | -1,193 | -99.04 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | 460.27 | 857.79 | 258.46 | 367.98 | 397.38 | 129.22 |
Long-Term Debt Repaid | -901.71 | -960.69 | -205.82 | - | -75.9 | -72.68 |
Net Long-Term Debt Issued (Repaid) | -441.44 | -102.89 | 52.64 | 367.98 | 321.48 | 56.54 |
Repurchase of Common Stock | -0.28 | -15.53 | -20.18 | -31.13 | -12.09 | -15.99 |
Net Common Stock Issued (Repurchased) | -0.28 | -15.53 | -20.18 | -31.13 | -12.09 | -15.99 |
Other Financing Activities | -1.13 | -0.81 | -7.61 | - | - | - |
Financing Cash Flow | -930.18 | -119.23 | 24.85 | 336.85 | 309.39 | 40.55 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 3.44 | 3.1 | -6.39 | 5.29 | 47.44 | 3.17 |
Net Cash Flow | 522.45 | 1,176 | -326.85 | 471.61 | 37.63 | 182.24 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 1,500 | 1,187 | -308.08 | -784.52 | -30.24 | -302.73 |
Free Cash Flow Growth | - | - | - | - | - | - |
FCF Margin | 27.89% | 22.75% | -7.32% | -23.64% | -1.15% | -10.36% |
Free Cash Flow Per Share | 13.94 | 11.04 | -2.87 | -7.31 | -0.28 | -2.83 |
Levered Free Cash Flow | 645.62 | 964.65 | 264.32 | -102.5 | 523.35 | 5.09 |
Unlevered Free Cash Flow | 1,072 | 1,083 | 200.73 | -502.2 | 385.94 | -39.5 |